Major ‘whales’ selling off Dogecoin holdings following a surge to $0.22, signaling potential market declines.
Dogecoin community views this price dip as an opportunity for accumulation.
Dogecoin (DOGE), the popular meme cryptocurrency, recently witnessed a major sell-off by its largest holders, commonly known as ‘whales.’ This massive selling spree occurred following a notable price surge, where Dogecoin reached a three-year high of $0.22. The market has observed a significant reduction in holdings by entities possessing 10-100 million DOGE tokens, suggesting a widespread trend of profit-taking among these major players.
As highlighted in the CNF YouTube video Whale Trading Spree: Dogecoin’s Value Under Threat from Surge in Profit-Taking, DOGE is currently facing a significant sell-off by its largest holders, or ‘whales.’
This trend of whales liquidating their Dogecoin holdings isn’t unprecedented. Earlier in March, a similar situation occurred when a whale offloade
